Fathom out to raise more than $7M by hiking agent fees, selling shares
The agent fee increases the flat-fee brokerage previously implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13% from a year ago, to 11,333
by Matt Carter Dec 5
Fathom Realty founder Josh Harley steps down as chairman and CEO
'Door open' to Harley's return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal is new CEO and independent director Scott Flanders is chair
by Matt Carter Nov 13
Fathom Realty continues to grow agent count with rebound in sight
While transactions fell 15% from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13%
by Matt Carter Nov 9
Fathom Realty parent company borrows $3.5M from existing investor
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
by Matt Carter Apr 14
Fathom Realty still adding agents after raising transaction fees
In reporting a $9.9M Q4 loss Wednesday, Fathom executives reassured investors that they see a path to profitability without saying exactly when that might happen
by Matt Carter Mar 22
Fathom raises transaction fees, boosts incentives amid Q3 loss
The real estate brokerage and tech platform is accelerating cost cutting after posting a $6M third-quarter loss, with revenue up 10.2% to $111.3M and agent count up 33% to 9,991
by Matt Carter Nov 7
In a downturn, real estate agents should market with future in mind
Agents who lean into this down market stand to gain market share that could benefit them for years, real estate executives argued Thursday at the Inman Connect Now virtual event
by Daniel Houston Sep 22
WATCH: ICLV panelists dish on how to cash in on a housing market shift
Get efficient, remove distractions and innovate, @properties CEO Thad Wong, Fathom Holdings CEO Josh Harley and Sotheby's International Realty President Kamini Lane said at Connect
by Lillian Dickerson Aug 16
3 reasons a downturn can actually be an opportunity
At Inman Connect Las Vegas, panelists Thad Wong, Josh Harley and Kamini Lane agreed opportunities for real estate pros will abound in a downturn: Just reach out and grab them
by Jim Dalrymple II Aug 3
Does a good earnings season foreshadow trouble ahead?
Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of 'headwinds' on the horizon
by Jim Dalrymple II May 9
Fathom projects continued revenue, agent and transaction growth
The real estate services platform and residential brokerage saw quarterly revenue grow 81% from a year ago, to $90.1M, as Fathom Realty added more than 3,000 agents in Q1
by Matt Carter May 5
Fathom posts double-digit 2021 growth in agents and transactions
Fathom Realty grew its agent headcount by 48% last year, to 8,100 agents, and those agents completed 10,800 transactions during the last 3 months of the year, according to Q4 earnings
by Matt Carter Mar 9
Fathom buys mortgage lender Cornerstone First Financial
The end-to-end platform got into the mortgage business last year with the acquisition of Encompass Lending Group
by Matt Carter Feb 15
Fathom Realty grows by 435 agents in Utah with iPro acquisition
Cloud-based real estate brokerage makes third acquisition in last 8 months
by Matt Carter Feb 10
Fathom raises $32.7M to fund more acquisitions
Company looking to buy smaller real estate brokerages in new or smaller geographic markets
by Matt Carter Nov 22